摘要
以上证 1 80指数的成份公司为样本 ,运用方差分析 ,对中国上市公司多元化程度与治理结构之间的关系进行实证分析 ,结果表明 ,多元化程度不同的上市公司 ,领导权结构和第一大股东持股比例存在显著差异 ,但独立董事占董事会总人数的比例。
Many researchers in the West argued that the diversification was associated with governance structure based on empirical studlied in recent years. These findings were consistent with the explanation of the diversified strategy with the help of the angency theory of the governance structure across the firms with different level of the diversification.A sample of SSE 180 companies was studied empirically. The ANOVA analysis showed that: the structure of leadership and the concentrated degree of ownership were significantly different among three samples, but there was a slight difference in the proportion of independent directors and managerial equity ownership in sampled companies.
出处
《管理学报》
2004年第2期134-138,共5页
Chinese Journal of Management
基金
国家自然科学基金资助项目 ( 79870 0 3 1 )
教育部博士点专项科研基金资助项目 ( 2 0 0 3 0 5 3 2 0 1 2 )
关键词
多元化
代理理论
治理结构
diversification
agency theory
governance structure
